The writedowns are said to stem from Adani being forced to duplicate studies and redesign elements of the Carmichael project due to delays in regulatory approvals and ongoing legal challenges.
Asia Mining News
The alleged dumping margins ranged from 12.1 percent to 231.7 percent, and U.S. imports of the products from China in 2017 were estimated to total $388 million.
While there may be scope to be bullish on the short- to medium-term outlook for coal, the risk factors for the industry appear to be mounting.
Indicated and inferred gold equivalent resources increased by whooping 208% and 172% respectively, when compared to the project’s maiden mineral resource estimate of 2015.
North American gold-backed ETFs rose 43.7 tonnes worth $1.9 billion in April.
Gold orientated discovery company, Westhaven Ventures, is currently drilling a potentially high grade epithermal gold target in an underexplored gold belt.
Political uncertainty, including Brexit negotiations, along with ongoing tensions in the Middle East will remain gold’s key drivers.
The country's biggest tin miner PT Timah Tbk received a permit to ship 32,305 tonnes.
Imports in the first four months totaled 211.7 tons, a drop of 43 percent from a year ago, data collated by Bloomberg show.
BHP forecasts reforms in China’s steel sector will continue to hand an advantage to suppliers of higher-quality iron ore and coking coal as consumption of the alloy keeps growing well into the next decade.
Amid concerns Indonesia could exhaust existing minable coal reserves of 13 billion tonnes 25 years, the government is considering measures to push miners to carry out exploration work before they can obtain permits to increase output.
Utilisation rate at mills climb back to November level.
Qatar Investment Authority stepped in after the sellers -- a consortium of QIA itself and mining giant Glencore Plc -- told CEFC it wouldn’t proceed with the original deal announced in October.
At least 16 miners died on Saturday and more than a dozen were trapped after an explosion in a mine in the Marwar coalfields.
Global demand dropped so much between January and March that the period became the weakest first quarter since the 2008 financial crisis.
China to allow foreign investors in iron ore futures from Friday.
State seeks enforced acquisition of MCC's Erdenet stake.
Company is accelerating expansion of its African zinc operations to take advantage of a surge in zinc prices.
The proposed acquisition means Chaarat would own Kumtor and will have control over management and operations of the mine.
Lack of new projects, investment deficit and increasing political risk will hit supply of cobalt, lithium, copper and nickel, key metals for making the batteries that power electric cars.
Meanwhile, silver coin purchases for the month rose 10 per cent higher than last year.
Refined tin output fell to 5,361 tonnes in the quarter from 6,963 tonnes in the same period last year, the company said in a statement.
China's trade in industrial metals looks set for significant upheaval this year as the country adapts to fast-evolving supply chains.
What the bears seem to have in common is the belief that a rush of new lithium supply will soon hit the market.
Physical gold demand lacked vigour in most Asian hubs this week amid a slight dip in prices.